JAKKS Pacific (JAKK)
Challenging holiday sales hit JAKKS Pacific (JAKK - Analyst Report) badly, which consequently made the company cut its fiscal 2011 guidance. The labor shortage in Asia and an increase in input costs also remained a drag on the stock.
An underperformance in the third quarter's top and bottom line makes us cautious on the stock. Hence, we downgrade the stock from Neutral to Underperform recommendation.
Our six-month target price of $13.00 equates to about 13.0x our estimate for 2012. The target price implies an expected total return of negative 10.1% over that period.
JAKKS Pacific (JAKK) : FULL ANALYST REPORT
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Read the full analyst report on JAKK

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